Extremely important positive changes in investment behavior have recently occurred for Goodyear Tire & Rubber Co (NASDAQ: GT): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Goodyear Tire & Rubber Co (NASDAQ: GT). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GT is expected to continue to be an important Value Builder.
Goodyear Tire & Rubber has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Goodyear Tire & Rubber has a good Appreciation Score of 82 but a neutral Power Rating of 41, leading to the High Neutral Value Trend Rating.
Recent Price Action
Goodyear Tire & Rubber Co (NASDAQ: GT) stock closed at $13.02 on 5/9/24 after a large increase of 2.8%. Moreover, trading volume in this advance was above average at 121% of normal. The stock has risen 9.1% during the last week but has been weak relative to the market over the last nine months.
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